Vale sets a first quarter sales volume record for iron ore and pellets

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Production Report

Our Production and Sales Report for the first quarter of 2018 (1Q18) was disclosed today, Monday, April 16. The document presents an overview of our operations within this period. Vale’s iron ore production achieved 82.0 Mt in 1Q18, Iron ore production1 reached 82.0 Mt in 1Q18, 4.2 Mt and 11.4 Mt lower than in 1Q17 and 4Q17, respectively, mainly due to management’s decision in 2Q17 to reduce production of lower grade ore. This reinforces the positioning of Vale as a premium producer and resulting in higher price realization and better margins since 1Q17.

Vale achieved record sales volumes for a first quarter of iron ore and pellets, reaching 84.3 Mt in 1Q18. In the first quarter of 2017, the volume was of 77.9 Mt. Vale’s sales mix improved substantially year-on-year, as a result of S11D’s ramp-up and the decision to progressively reduce low grade ore production.

1Q18 Financial Report

On Wednesday, April 25, we will release our 1Q18 Financial Report. After the report has been released, some of our key executives will participate in webcasts with investors and journalists to present the quarter’s results.